CUI Global (CUI) Upgraded by Zacks Investment Research to “Hold”

CUI Global (NASDAQ:CUI) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “CUI Global Inc., formerly known as Waytronx Inc., is primarily engaged in the acquisition and development of innovative companies and technologies. CUI through its subsidiaries in engaged in the manufacture and supply of external adapters and embedded ac-dc power supplies, dc-dc converters, LED driver modules, and digital point-of-load modules. rotary encoders for motion control applications and other interconnect, sound, and thermal products. The Company also holds a 49% stake in Comex, a Japanese DSP-based hardware and software company that specializes in test and measurement equipment. It focuses on applications that demand high speed multiple channel measurement. CUI Global Inc. is based in Tualatin, Oregon. “

CUI has been the topic of a number of other reports. HC Wainwright set a $12.00 price objective on CUI Global and gave the company a “buy” rating in a report on Tuesday, October 17th. ValuEngine downgraded shares of CUI Global from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $10.00.

Shares of CUI Global (NASDAQ:CUI) traded down $0.09 on Thursday, reaching $2.50. The company had a trading volume of 80,083 shares, compared to its average volume of 39,951. The stock has a market capitalization of $71.01, a P/E ratio of -5.43 and a beta of 0.27. CUI Global has a 1 year low of $2.44 and a 1 year high of $6.70. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.39 and a quick ratio of 0.72.

CUI Global (NASDAQ:CUI) last posted its earnings results on Thursday, November 9th. The industrial products company reported ($0.07) EPS for the quarter, meeting the consensus estimate of ($0.07). The firm had revenue of $21.80 million for the quarter, compared to analysts’ expectations of $21.10 million. CUI Global had a negative return on equity of 19.54% and a negative net margin of 12.18%. sell-side analysts anticipate that CUI Global will post -0.38 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CUI. Vanguard Group Inc. boosted its holdings in shares of CUI Global by 0.8% in the second quarter. Vanguard Group Inc. now owns 859,350 shares of the industrial products company’s stock worth $3,300,000 after buying an additional 6,657 shares during the last quarter. Perritt Capital Management Inc. bought a new position in shares of CUI Global in the fourth quarter worth about $963,000. Perkins Capital Management Inc. bought a new position in shares of CUI Global in the fourth quarter worth about $584,000. Cowen Prime Services LLC increased its stake in CUI Global by 550.5% during the fourth quarter. Cowen Prime Services LLC now owns 94,329 shares of the industrial products company’s stock valued at $259,000 after acquiring an additional 79,829 shares during the period. Finally, Grace & White Inc. NY bought a new position in CUI Global during the fourth quarter valued at about $628,000. 48.76% of the stock is currently owned by hedge funds and other institutional investors.

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About CUI Global

CUI Global, Inc is a platform company. The Company’s segments include Power and Electromechanical, Energy and Other. The Power and Electromechanical segment includes its subsidiaries, CUI, Inc (CUI), CUI Japan and CUI-Canada, Inc, which provide electromechanical components, including power supplies, transformers, converters, connectors and industrial controls for original equipment manufacturers (OEMs).

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